Stock Analysis on Net
Stock Analysis on Net

Axon Enterprise Inc. (NASDAQ:AXON)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Axon Enterprise Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable
Accrued liabilities
Current portion of deferred revenue
Customer deposits
Current portion of business acquisition contingent consideration
Other current liabilities
Current liabilities
Deferred revenue, net of current portion
Liability for unrecognized tax benefits
Long-term deferred compensation
Deferred tax liability, net
Long-term operating lease liabilities
Convertible notes, net
Business acquisition contingent consideration, net of current portion
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.00001 par value; no shares issued and outstanding
Common stock, $0.00001 par value
Additional paid-in capital
Treasury stock at cost
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Accounts payable
Accounts payable as a percentage of total liabilities and stockholders’ equity showed fluctuations over the period, initially decreasing from 2.98% in March 2018 to 1.21% in June 2019, then rising to a peak of 3.6% in March 2020, followed by a decline and some variability, ending at 2.19% in March 2023.
Accrued liabilities
Accrued liabilities exhibited an overall moderate volatility, starting at 8.87% in March 2018, decreasing sharply to below 3% in early 2021, then increasing again to around 6% by December 2021, and subsequently stabilizing near 4% by March 2023.
Current portion of deferred revenue
This liability component experienced a general downward trend from a high of 19.38% in March 2018 to lower levels around 12-13% in recent periods, with intermittent fluctuations. Periods of increase were noted in late 2019 and again in 2021, followed by a decrease in early 2022 and modest recovery toward the end of the analyzed timeline.
Customer deposits
Customer deposits remained a minor part of total liabilities and equity, with occasional increases such as the rise to 1.04% in March 2022, before declining to 0.46% by March 2023. The overall level has been relatively low and slightly volatile across the periods.
Other current liabilities
Other current liabilities stayed consistently low, under 1%, with only minor changes throughout the time frame, showing a slight decrease in the final observed quarters.
Current liabilities
Current liabilities as a percentage of total liabilities and equity showed a peak around 32% in late 2021, declining from higher levels in 2018 and 2019 generally oscillating between approximately 17% and 26%, ending at about 20.48% by March 2023. This indicates some variability but a general narrowing in the proportion of current liabilities over time.
Deferred revenue, net of current portion
Non-current deferred revenue percentages fluctuated markedly, starting near 15% in early 2018, falling to a low in 2020, then spiking to over 15% at times in 2022, before settling lower again near 8% in early 2023. These changes suggest variability in the company’s longer-term revenue recognition and liability structure.
Liability for unrecognized tax benefits
This item remained low and fairly stable, generally around 0.3% to 0.5%, with no significant upward or downward trend over the analyzed period.
Long-term deferred compensation
Long-term deferred compensation showed a gradual decline over time, decreasing from about 1.02% in early 2018 to approximately 0.27% in early 2023, indicating a reduction in this liability component relative to total liabilities and equity.
Deferred tax liability, net
Deferred tax liabilities appeared only sporadically after 2019, maintaining minimal percentages close to zero, suggesting a negligible impact on the overall capital structure.
Long-term operating lease liabilities
Introduced in 2022, long-term operating lease liabilities represented a small but notable percentage of total liabilities and equity, fluctuating between 0.81% and 1.3%, indicating some lease-related obligations becoming recognized in the longer-term liabilities.
Convertible notes, net
Convertible notes emerged as a significant element beginning in late 2022, accounting for over 20% of total liabilities and stockholders’ equity, reflecting increased reliance or issuance of convertible debt instruments by the company in the most recent periods.
Other long-term liabilities
Other long-term liabilities displayed a decreasing trend from 0.86% in June 2018 to approximately 0.15% in March 2023, suggesting a steady reduction in miscellaneous long-term obligations.
Long-term liabilities
The proportion of long-term liabilities experienced fluctuations, rising to a peak of 16.53% in early 2018, decreasing to under 10% in mid-2021, then sharply increasing to over 34% by March 2023, coinciding with the emergence of convertible notes as a major component of long-term liabilities.
Total liabilities
Total liabilities relative to total liabilities and stockholders’ equity exhibited a volatile pattern, decreasing sharply from 49.28% in early 2018 to around 28-30% from 2019 through early 2021, then increasing notably to exceed 55% by March 2023. This increase is largely attributable to rises in long-term liabilities and convertible notes.
Additional paid-in capital
Additional paid-in capital showed an initial increase from 51.49% in March 2018, peaking at 77.22% in June 2021, followed by a substantial decline to approximately 42% by March 2023. This suggests considerable changes in equity funding activity, particularly a reduced equity base proportion later in the timeline.
Treasury stock at cost
Treasury stock progressively decreased in absolute negative terms as a percentage of total liabilities and equity from nearly -40% in early 2018 to about -5% by March 2023, indicating repurchases or reductions in treasury stock holdings impacting equity accounts.
Retained earnings
Retained earnings as a percentage of total liabilities and equity declined markedly from almost 40% in early 2018 to single-digit values during 2021, with a modest recovery to around 10% by early 2023. This reflects fluctuating accumulated earnings relative to the company’s capitalization.
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss) remained a small negative component, fluctuating mildly around zero, indicating minimal impact on overall equity structure.
Stockholders’ equity
Stockholders’ equity percentage decreased from near 70% in mid-2018 to below 50% by March 2023. This reflects the effects of increased liabilities and changes in equity accounts such as paid-in capital, retained earnings, and treasury stock, indicating a relative shift in capitalization toward debt over the period.